Weather There was some rainfall during the past few days. Unfortunately, it was below what farmers were expecting and what was really needed. However, the rains did bring some ease for the areas west of Buenos Aires and east of La Pampa that were starting to suffer. South of Buenos Aires Province, where 50 percent of the wheat crop is planted, received good rains (40 mm average) and the crops are 100 percent in good condition. However, Cordoba, La Pampa, Entre Rios and north of Buenos Aires did not receive any precipitation and most of the wheat crop is in regular-to-bad condition. Almost 25 percent of the wheat comes from these areas.The maps below show the precipitation that fell 28-30 September:This issue continues to also affect th...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.